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What $1 million buys you around Australia

Samantha Menzies
Senior editor – Finance

The Aussie property market has taken a bit of a hit lately, with prices coming down across the country.

One-bedroom apartment or five-bedroom house, here’s what you could have bought for $1 million in each Aussie city.

Also read: Top property hotspots where demand is expected to rocket

Sydney

“Inner-city pad, leafy harbour-side spot”
10/88 Barcom Avenue, Darlinghurst
1 bedroom/1 bathroom/1 parking
Sold $950,000

“Tucked in a renowned leafy setting, this oversized apartment is a green escape between the Rushcutters Bay Park, buzz of Potts Point & the city. Enjoy a prime position in a lifestyle-rich pocket,” according to Domain Group.

The newly renovated pint-sized apartment has an open plan living and kitchen area with a small outside space. It is an easy stroll to Sydney harbour, the CBD and Darlinghurst and Points Point bars and restaurants.

Also read: These are Australia’s 10 best home loan lenders

10/88 Barcom Avenue, Darlinghurst NSW 2010 Souce: Domain Group
10/88 Barcom Avenue, Darlinghurst NSW 2010 Souce: Domain Group
10/88 Barcom Avenue, Darlinghurst NSW 2010 Souce: Domain Group

Melbourne

“Stylish Victorian with a Bridge Road lifestyle”
301 Highett Street, Richmond
2 bedroom/1 bathroom/no parking
Sold $950,000

Just over 3km from Melbourne’s CBD, this “immaculate from top to bottom” free standing Victorian house sold for under a million earlier this month.

Also read: Here’s where Aussie property markets are heading now

“This charmer features a tempting northern orientation for easy alfresco living in a blue chip Richmond location representing classic inner-city living with all the benefits.” 

301 Highett Street, Richmond VIC 3121 Souce: Domain Group
301 Highett Street, Richmond VIC 3121 Souce: Domain Group
301 Highett Street, Richmond VIC 3121 Souce: Domain Group
301 Highett Street, Richmond VIC 3121 Souce: Domain Group

Adelaide

“1965 Cape Cod classic”
1 Bradfield Street, Burnside
5 bedroom/2 bathroom/2 parking
Sold $952,000

But over in Adelaide, its a different ballgame altogether.

Around 6km outside of the CBD in the sought-after suburb of Burnside, prospective buyers with just under $1 million in their pocket could have gotten their hands on a huge 5-bedroom house.

Also read: Here’s why Australia has one of the riskiest housing markets in the world

“Set in the elite leafy eastern suburbs, this delightful family home is situated on a manageable allotment with wide frontage and sweeping lawns. Enjoy the peace of being surrounded by the sounds of nature.”

1 Bradfield Street, Burnside SA 5066 Soruce: Domain Group
1 Bradfield Street, Burnside SA 5066 Soruce: Domain Group
1 Bradfield Street, Burnside SA 5066 Soruce: Domain Group
1 Bradfield Street, Burnside SA 5066 Soruce: Domain Group

Perth

“Unassuming boutique address!”
15 Bakery Lane, East Perth
3 bedroom/2 bathroom/2 parking
Sold $1 million

Located in Perth’s most in-demand lifestyle suburb, in one of the most secluded areas, this 262sqm three-bed three-story home sold for a meer $1 million just last month.

“Coupled with three different outside areas for you to enjoy, and this unassuming residence has both size and features unlike what you have seen.”

15 Bakery Lane, East Perth WA 6004 Source: Domain Group
15 Bakery Lane, East Perth WA 6004 Source: Domain Group
15 Bakery Lane, East Perth WA 6004 Source: Domain Group

Canberra

“Free standing home in private garden setting”
73A Jansz Crescent, Griffith ACT 2603
3 bedroom/2 bathroom/2 parking
Sold $995,000

If you’re open to moving to Canberra’s southern-suburb of Griffith then you’d be able to get your hands on something like this. This huge free-standing three-bedroom house is on one of the best streets, with large living and entertainment areas. And if that’s not enough, it’s also close-by to local restaurants.

73A Jansz Crescent, Griffith ACT 2603 Source: Domain Group
73A Jansz Crescent, Griffith ACT 2603 Source: Domain Group
73A Jansz Crescent, Griffith ACT 2603 Source: Domain Group

Hobart

“Tara” exquisite gardens and views to die for!
13 Tennyson Court, West Hobart
3 bedroom/3 bathroom/4 parking
Sold $1 million

Over in what has been ranked as Hobart’s second-best suburb, one lucky buyer managed to snag this 3-bedroom house with epic views over the city for just $1 million.

13 Tennyson Court, West Hobart TAS 7000 Souce: Domain Group
13 Tennyson Court, West Hobart TAS 7000 Souce: Domain Group
13 Tennyson Court, West Hobart TAS 7000 Souce: Domain Group
13 Tennyson Court, West Hobart TAS 7000 Souce: Domain Group